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Your questions

The FGDR answers your questions about the guarantees and the compensation procedure.


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As for any company a bank fails when it defaults on its payments. In other words, a bank failure occurs when the bank is no longer able to pay its d... Read more
STEP 1: INITIATION OF THE COMPENSATION PROCEDURE The FGDR intervenes when a bank or investment firm is no longer able to return the deposits collecte... Read more
1°) As a general rule the deposit guarantee scheme covers all amounts deposited in accounts at a bank regardless of the currency in which the accounts are denominated, including current accounts, demand or term accounts, savings passbook accounts (savings accounts, Livret Jeune... Read more
In France and throughout the European Union, the amount of the compensation under the deposit guarantee scheme is capped at €100,000 per customer... Read more
Banks are now required to send their customers this sheet each year to inform them about the protection provided for their savings and other bank acc... Read more
You have "temporary extraordinary deposits", i.e. amounts that were received less than three months prior to the failure and come from: 1.   the sale of residential property belonging to you; 2.   a lump-sum payment of compensation for harm sustained by you;... Read more
1°) A joint account is divided equally among its co-holders prior to calculation of the compensation accruing to each of them, unless otherwise spe... Read more
The Livret type 'A' savings account is an account guaranteed by the French government, as is the case for Livret type ‘LDDS’ and Livret type ‘L... Read more
The FGDR, created by the law of 25 June 1999 to serve the public interest, protects customers in the event that their bank or financial institution fails. By protecting customers, it helps to maintain confidence in and ensure the stability of the banking system.... Read more
Bitcoin and other cryptocurrencies are not covered by the deposit guarantee scheme. The FGDR's guarantee covers only products denominated in euros or in the official currency of another State.   The FGDR is not aware of any products offered by its member banks that are... Read more
At the end of 2018, the FGDR had €4.2 billion in equity, which will be increased to approximately €5 billion in 2024. The FGDR is able to deploy t... Read more
1/ You do not need to take any action that involves your bank or the FGDR. On the "deposit availability date", the institution is declared as having f... Read more
The FGDR, created by the law of 25 June 1999 to serve the public interest, protects customers in the event that their bank or financial institution fa... Read more
1/ If a foreign bank, regardless of its country of origin, operates in France in the form of a subsidiary, i.e. a company legally separate from its s... Read more
The FGDR's investor compensation scheme becomes effective when the ACPR determines that the service provider is no longer able to return to its customers the securities and other financial instruments and associated cash entrusted to it.   This implies that two conditions are met... Read more
In France, the compensation amount offered by the investor compensation scheme may be as much as €70,000 x 2 per customer, per investment services p... Read more
The protection provided for your accounts by the Deposit Guarantee Scheme in the event of your bank's failure has existed since the FGDR's creation in... Read more
As a general rule, any credit institution or investment firm that receives authorisation from the Prudential Supervision and Resolution Authority (ACPR) is a member of the Fonds de Garantie des Dépôts et de Résolution (FGDR). Membership in the FGDR is a prerequisite for... Read more
As a general rule, the deposit guarantee applies to all institutions that are members of the FGDR, including those operating as on-line banks. Banks i... Read more